Not bad. The "zero" line represents expansion at the normal trend--and the index is a hair below zero. As you might expect, housing was a 'negative' in the index, as was 'consumption.' HT: CalcRisk
Not bad. The "zero" line represents expansion at the normal trend--and the index is a hair below zero. As you might expect, housing was a 'negative' in the index, as was 'consumption.'
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